According to bisnow.com, an affiliate of Stockbridge Capital Group acquired an Amazon fulfillment center in Romeoville for $86.5M, a transaction that closed Thursday, according to property records.
Major Industrial Acquisition
The 767,000-square-foot facility is located at 1125 Remington Blvd. and was purchased from BGRE, the rebranded entity formerly known as Brookfield Properties. BGRE had acquired the property in 2024 at a valuation of $58.1M, per CoStar News — marking a $28.4M increase in value over roughly one year.
The acquisition represents a strategic addition to Stockbridge’s industrial portfolio in the Chicago metro area, where demand for logistics space remains elevated amid e-commerce growth and supply chain reshoring pressures. The warehouse serves as an active Amazon fulfillment center, underscoring continued investor confidence in core logistics infrastructure.
This deal is among several large-scale commercial real estate transactions reported in the Chicago region last week, reflecting sustained capital deployment across asset classes including industrial, multifamily, and self-storage.
Multifamily and Retail Transactions
An affiliate of Blatteis & Schnur paid $19.2M for Paper Box Lofts, a 35-unit luxury apartment building at 153–157 W. Ohio St. in River North. Originally built in 1906 as a paper and box factory, the building underwent conversion into residential units in 2024.
A private investor purchased Garrity Square — a 13-suite, 20,000-square-foot retail property at 1833 Deerfield Road in Highland Park — for approximately $7.8M. Marcus & Millichap brokers Adrian Mendoza, Sean Sharko, and Austin Weisenbeck represented both parties.
Axiom Properties sold two suburban apartment complexes — Westmore Apartments (230 units) in Lombard and Whispering Trails (120 units) in Naperville — for a combined $67.2M. The transaction was brokered by Northmarq professionals Parker Stewart, Dominic Martinez, Alex Malzone, and Jake Lamb.
Financing, Development, and Market Events
Sterling Bay and Ascentris secured a $93.5M refinance for The Elizabeth, a 28-story, 350-unit apartment tower at 225 N. Elizabeth St. in Fulton Market. Completed in 2024, the property is part of the rapidly densifying West Loop corridor.
Fengate Asset Management and Mavrek Development broke ground on Julep West Loop, a 25-story residential project set to deliver 380 units and approximately 22,000 square feet of commercial space. Skender serves as general contractor.
Inland Real Estate Acquisitions purchased an 859-unit Class-A self-storage facility at 2100 Essington Road in Joliet, which will be rebranded and fully managed by Devon Self Storage, a member of The Inland Real Estate Group of Companies.
Housing Policy Forum Scheduled for October
The Real Estate Center at DePaul University will host its 2026 fall forum focused on housing affordability on Oct. 22. The event targets professionals in real estate finance, investment, development, and community development, with emphasis on locally implementable market-based solutions across U.S. jurisdictions.
Source: bisnow.com
Compiled from international media by the SCI.AI editorial team.
